Stay updated with breaking news from Car giants. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Questions being asked at this weeks Global Ai Safety Summit in south korea. The second of its kind, it is co hosted with britain after the inaugural event in november last year at Bletchley Park near london. Francine bennett is interim director at the Ada Lovelace Institute an independent Research Institute specialising in al and is in south korea for this summit. A very warm welcome to the programme. So first of all, what will be achieved in seoul, do you think . Do you think . Well, thats a aood do you think . Well, thats a good question. Do you think . Well, thats a good question. I do you think . Well, thats a good question. I hope do you think . Well, thats a good question. I hope what| do you think . Well, thats a good question. I hope wha ....
To develop ai systems responsibly. They include google, amazon, meta, microsoft and openai. Joining us now is Bbc Technology journalist chris vallance, whos in our edinburgh studio. Tell us a bit more about this agreement . The summit is a follow up to the summit in november at Bletchley Park, and its aim essentially is to continue that work. It is a two day summit, the start of it virtually attended by Prime Minister rishi sunak and his south korean counterpart. The second day brings together digital ministers, and they will look at a range of issues including things like the Environmental Impact of ai, issues of bias, the impact onjobs, which is interesting because the focus on the Bletchley Park summit ....
the yen has been steadily depreciating against the dollar. it recently crossed the 150 yen to dollar threshold. let s speak now to damian thong. he is the head of japanese equity research at financial services firm, macquarie group. it s firm, macquarie group. a big tailwind, especially for it s a big tailwind, especially for exporting from japan. even for exporting from japan. even for manufacturers outside it means a lot of the profits they would generate overseas will be brought back into japan and an attractive rate of exchange. {iii attractive rate of exchange. of course japan s biggest trading partner china will be getting quite a lot of weak economic data, how concerns are japanese companies be? i data, how concerns are japanese companies be? companies be? i think it depends companies be? i think it depends on companies be? i think it depends on the - companies be? i think it depends on the firm. i companies be? i think it. depends on the firm. this a companies be ....
pre tax profits ringed in at $7.7 billion in the third quarter. now, this is all driven by rising global interest rates feeding into their balance sheets. but there have been questions before that these high rates were not being passed on to savers. joining me now is the independent banking analyst, frances coppola. nice to see you, doing rather well. i imagine those paying higher mortgage rates and everything it is a bitter pill. tell us more about the numbers? it is yet tell us more about the numbers? it is yet more tell us more about the numbers? it is yet more profits from their very healthily inaudible it has shrunk ever so slightly in this quarter but it is still way above where it was last year and that does reflect the fact that they have passed on interest rates to lenders much more quickly than they have to savers, which i think some people might get quite cross about. ~ . ., , , about. wanted we are seeing, is we are seeing about. wanted we are seeing, is w ....
cheaper for customers because it makes their products cheaperfor customers in because it makes their products cheaper for customers in other countries to buy. the yen has been steadily depreciating against the us dollar and that is likely to continue boosting export profits forjapanese export profits for japanese companies export profits forjapanese companies according to damien thong the head of japanese equity research. it thong the head of japanese equity research. equity research. it is a big tailwind for equity research. it is a big tailwind for firms - equity research. it is a big| tailwind for firms exporting from japan and also firms which manufacture outside means a lot of the profits they generate overseas will be brought back to japan and a overseas will be brought back tojapan and a very overseas will be brought back to japan and a very attractive rate of exchange. rate of exchange. japanese companies rate of exchange. japanese companies have rate of ....